This is your SolarWakeup for April 12th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Utility Dive:
US grid interconnection backlog jumps 40% with wait times expected to grow as IRA spurs more renewables
2 PV-Magazine:
Maryland passes energy storage target of 3 GW in 10 years
3 Energy Storage News:
New standalone ITC incentivising US developers to overbuild projects
4 Bloomberg:
A $12 Billion Utility Races to Tap Wind and Solar Amid IPO
5 Reuters:
Wind and solar hit record 12% of global power generation last year
6 Axios:
Why leasing an EV might be the smarter choice right now
Opinions:
7 Canary Media:
A persistent EV challenge looms over NY Auto Show - Charging
Have a great day!
Yann
This is your SolarWakeup for April 11th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Bloomberg:
Texas Californias Its Energy Grid and Buffett May Benefit
2 Utility Dive:
FERC gives PJM flexibility for handling member defaults as Winter Storm Elliott complaints pile up
3 San Francisco Chronicle:
California will slash incentives for new rooftop solar arrays this week. Here’s what it means for the Bay Area
4 Axios:
How Walmart could help make EV charging ubiquitous
5 Reuters:
US home solar installers brace for slowdown as California reform looms
6 Solar Builder:
CPUC dismisses Sunnova’s micro utility application
7 PV-Magazine:
National laboratory software models lithium-ion battery supply chain
Opinions:
8 Canary Media:
Companies need a faster way to buy clean energy. Here’s a new solution
Have a great day!
Yann
This is your SolarWakeup for April 10th, 2023
The Exxon Low Carbon Chronicle. I heard from many of you about Exxon’s climate chief commentary, thank you for the thoughtful responses. What struck me most about Dan Ammann’s commentary was that it was eerily similar to what we heard from BP several years ago. It was just a few years back when the BP CEO said that if he wanted to invest $10billion into solar or wind, he wouldn’t be able to. That train has left the station as funds fight to deploy the capital, albeit with a momentary lull as we all await the IRA treasury guidance. Exxon is taking a different approach, less focused on infrastructure investment and more challenged to find ways to deploy capital that are more tied to a base resource. That means that Exxon is looking to find projects that are technology innovation, ready to deploy and scaled. The argument with that goes back to the bankability/commercialization challenge. How can a technology be developed into a billion dollar project when it hasn’t been deployed into a $10million pilot? And if it hasn’t been deployed into a pilot, who would spend the money to develop the technology even further with the hope that Exxon (or similar) spends a billion doing a master project. The closest thing I can think of is the solar concentrating solar projects. Of course this is all commentary to get into the gold mine that could be carbon capture at massive scale.
My 2 Cents For Exxon. This message is for the Exxon executives that read this newsletter. When it comes to the shift in energy consumption, don’t think of it as an oil and gas versus solar and wind. The energy transition is about how society is changing the way that we use energy while also increasing our use of energy. Your gas stations are essentially energy storage stations and for the first time your competition isn’t with the gas station across the intersection but with the distribution wires that keep your lights on and the cars charged. The energy transition is shifting molecular energy to electrified energy products, especially for consumers. The ecosystem you are operating in has just doubled in global market because oil companies now have to become electric companies as well. In an alternate scenario, think of your electric utility buying gas stations 50 years ago and getting into the fuel business. Exxon and the oil majors are challenged to figure out how to deploy their billions in a way that takes the new energy ecosystem and continues the trend of cash generation.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Utility Dive:
Summit Ridge VP - IRA made Qcells deal possible, but Treasury guidance will be key
2 Bloomberg:
Chinese Solar Maker Says US May Be Too Pricey for Expansion
3 PV-Magazine:
Invoke eminent domain, Marshall Plan for renewable energy, said JP Morgan CEO
4 Barron’s:
Exxon Thinks Low-Carbon Sales May One Day Rival Oil’s
5 New York Times:
E.P.A. Is Said to Propose Rules Meant to Drive Up Electric Car Sales Tenfold
6 Axios:
Seaweed recycling startups get funded, as Sargassum bloom hits Florida
7 Reuters:
Tesla to build Shanghai factory to make Megapack batteries
Opinions:
8 Canary Media:
Suddenly, the US is a climate policy trendsetter
Have a great day!
Yann
This is your SolarWakeup for April 6th, 2023
March Madness Champ. Like many of you, my march madness bracket fell apart before the tournament even got started with Arizona taking an early exit. There was some South Florida excitement with Miami and FAU making the final four. Congrats to our Wakeup champion, Elaine Little, who can step forward and claim the prize. (send me an email and we can coordinate details).
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 New York Times:
It’s Not Just Willow - Oil and Gas Projects Are Back in a Big Way
2 Reuters:
U.S. VP Harris takes Biden's jobs message to Marjorie Taylor Greene's district
3 Bloomberg:
Musk Puts $14 Trillion Price Tag on Sticking by Fossil Fuels
4 PV-Magazine:
Renewables to represent 69% of U.S. capacity additions through mid-century
5 Utility Dive:
USDA offers $1B in renewables grants, including funds for ‘underutilized’ technology like small hydropower
6 PV-Tech:
Nearly 1TW of solar PV in US interconnection queues in 2022
Opinions:
7 Energy Storage News:
Illinois could introduce solicitations for energy storage procurements
Have a great day!
Yann
This is your SolarWakeup for April 6th, 2023
Your Thoughts? I’ve been thinking a lot about today’s top story and going back and forth in my mind about the comments made by Exxon’s climate chief. Before I consolidate my words into a paragraph for you, I’d love to hear from you on the topic.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Axios:
Exxon climate boss sees a multi-trillion-dollar market
2 Bloomberg:
Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US
3 Utility Dive:
LS Power, other Illinois power plant owners ask FERC to nix $275M in PJM Winter Storm Elliott penalties
4 Reuters:
Ford, Stellantis says new rules will cut EV tax credits for most models
5 PV-Tech:
CapitalOne opts for production tax credits with US$90 million investment in 120MW Duke Energy PV project
6 Energy Storage News:
Maryland could cut energy costs and emissions with 2.5GW of storage by 2033, says ACP
7 Canary Media:
NYC’s grid is stressed. A ‘smart’ EV charging program aims to help
Opinions:
8 PV-Magazine:
Co-location, transferability and prevailing wages
Have a great day!
Yann
This is your SolarWakeup for April 5th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Bloomberg:
What Higher Oil Prices Mean for the Fight Against Climate Change
2 Reuters:
Exxon says its decarbonization business could outgrow oil, in multi-trillion market
3 Solar Power World:
IRS provides guidance on ‘energy community’ bonus credit in IRA
4 Financial Times:
Texas leaders threaten wind and solar boom with legislative push
5 Utility Dive:
Solar panels and energy storage are worth the cost to integrate into US grid, executives say
6 PV-Tech:
US customs detained 2GW of PV modules in 2022 under UFLPA
7 PV-Magazine:
141 million U.S. residents impacted by electricity capacity constraints in 2022
Opinions:
8 Canary Media:
Why Puerto Rican communities are all-in on solar microgrids
Have a great day!
Yann
This is your SolarWakeup for April 3rd, 2023
Nevados Opens Texas Manufacturing. Caught in the Linkedin news, Nevados (the single axis tracker startup I mentioned a few months ago) opened a Texas manufacturing line according to this post.
New Commercial Solar Lender. Some old friends and names are back in the game, tackling commercial solar lending. Early executives behind Mosaic’s solar lending platform are building Orka and looking to make it easier for the elusive C&I market to get access to capital. Learn more or apply here and ride the wave with ORKA
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Canary Media:
The threat of new US solar tariffs is back
2 Utility Dive:
EV sector welcomes Treasury’s tax credit guidance as Manchin fumes over sourcing flexibility
3 Bloomberg:
California Grid Needs $9.3 Billion Upgrade in Renewables Shift
4 Reuters:
Column-A global guide to electric grid development plans - Maguire
5 PV-Tech:
US utility Portland General Electric publishes clean energy plan
6 PV-Magazine:
As electricity rates rose 7.5% last year, solar offers bill stability
7 Energy Storage News:
Philippines president says energy storage has ‘vital’ infrastructure role to play
Opinions:
8 GreenBiz:
The EU fuels the lifespan of combustion-engine vehicles in Germany
Have a great day!
Yann
This is your SolarWakeup for April 3rd, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Barron’s:
In Rural America, Big Solar Projects Often Get A Frosty Welcome
2 Utility Dive:
North Carolina forges new path on net metering as other states cut rooftop solar incentives
3 Bloomberg:
Biden’s Landmark Climate Bill Lures China’s Clean Energy Giants
4 Axios:
How a dead pro basketball league is electrifying truck stops
5 Reuters:
U.S. government to provide $1 billion for rural renewable energy
6 PV-Tech:
Canada announces plans for IRA-style solar and storage investment in 2023 budget
7 Energy Storage News:
Australia’s residential energy storage market grew 55% in 2022
8 PV-Magazine:
DOE workforce program matches recent grads with energy fellowship opportunities
Opinions:
9 Canary Media:
Tesla has installed very few solar roofs, despite Elon Musk’s hype
Have a great day!
Yann
This is your SolarWakeup for March 30th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Bloomberg:
UK Infrastructure Bank to Invest £200 Million for Energy Storage
2 Politico:
Canada’s C$80B response to U.S. clean energy push - ‘We will not be left behind’
3 Utility Dive:
New Jersey seeks up to 4 GW of offshore wind in latest solicitation
4 PV-Magazine:
Giving women support to engineer the renewable energy future
5 Reuters:
US battery sourcing guidance to cut some EV tax credits -official
6 PV-Tech:
Investment of US$35 trillion needed for energy transition by 2030 – IRENA
7 Energy Storage News:
Developer Agilitas to expand from Northeast US base with US$75 million Texas BESS portfolio acquisition
Opinions:
8 New York Times:
In Rare Show of Force, House Democrats Pressure Hochul on Climate Bill
Have a great day!
Yann
This is your SolarWakeup for March 29th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Utility Dive:
Global energy transition investments must quadruple to $5T to reach climate targets - IRENA
2 Bloomberg:
China Takes Its Climate Fight to the Rooftops
3 Reuters:
Home battery sales in Germany may surge 59% this year -study
4 Solar Builder:
OYA Renewables secures $27 million loan from City National Bank to support community solar
5 Renewable Energy World:
Dan Shugar is just getting started
6 PV-Tech:
Brookfield Renewable buys Australian Origin Energy with 14GW renewables addition target
7 Energy Storage News:
US energy storage industry grapples complexity, cost of ITC tax equity transactions
8 PV-Magazine:
EnerVenue announces non-lithium battery gigafactory in Kentucky
Opinions:
9 Canary Media:
The great ‘green hydrogen’ battle
Have a great day!
Yann
